Reuters reports that French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities more than a billion dollars. This in order to resolve pending legal disputes.
The bank and the U.S. authorities said in separate statements, the bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions against Cuba and other countries.
Additionally, the bank said it agreed to pay $95 million.
